Acacia Mining’s minority shareholders have expressed disapproval of Barrick Gold’s US$285 million offer to take full control of the company, as the Canadian giant aims to resolve a long-standing tax dispute in Tanzania.
Barrick currently owns 63.9% of Acacia, and its...

Five Kenyan banks have launched a pilot lending service via mobile phone for the benefit of the country’s small and medium-sized business, the central bank announced on Monday.
KCB Bank Kenya, Commercial Bank of Africa Limited (CBA), Cooperative Bank of Kenya,...

Total SA’s chief executive Patrick Pouyanne has said his company’s planned acquisition of US oil firm Anadarko’s African assets is ‘perfectly fitting’ with its overall strategy.
The French energy giant agreed to buy all of Anadarko’s oil & gas assets outside...

Ramaphosa faces early test as platinum miners face off with labour unions

The world’s biggest platinum mining companies will meet with South Africa’s labour unions this month to negotiate a three-year wage deal, in one of the first tests of Cyril Ramaphosa’s new presidency.
Ramaphosa’s African National Congress (ANC) clinched South Africa’s general...

South African construction giant Group Five has placed three of its biggest subsidiaries up for sale as the company looks to salvage what it can from bankruptcy proceedings.
David Lake, one of the Johannesburg-based company’s business rescue practitioners, said in an...